Hedge Funds Are Taking On The Commercials! – Harvey Organ

The hedge funds are taking on the commercials by refusing to buckle under the weight of commercial bank short selling….

 

JOBS REPORT IN THE USA SHOWED A BIGGER INCREASE THAN EXPECTED BUT EARNINGS WAS DOWN AND THAT PROPELLED GOLD AND SILVER FROM ITS NADIR: GOLD CLOSED DOWN $1.70 AND SILVER DOWN: 11 CENTS/THE OPEN INTEREST ON SILVER CONTINUES TO REMAIN STOIC AND WE WITNESS THAT IN THE COT REPORT/DAVID STOCKMAN TELLS US WHAT IS GOING TO HAPPEN ON THE 15TH OF MARCH AND BEYOND

2 oz Silver Queen’s Beasts Red Dragon
Intro Pricing: $2.69/oz Over Spot!

 

Gold: $1200.70  down $1.70

Silver: $16.88  down 11 cents

 

Closing access prices:

Gold $1205.00

silver: $17.03

 

For comex gold:

MARCH/

NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH:  2 NOTICE(S) FOR 200 OZ.  TOTAL NOTICES SO FAR: 59 FOR 5900 OZ    (0.1835 TONNES)

 
 
 

For silver:

 

For silver: MARCH

135 NOTICES FILED TODAY FOR 675,000 OZ/

Total number of notices filed so far this month: 2748 for 13,740,000

 Buy United States Mint Coins at the Lowest Price Online! 

 

Let us have a look at the data for today

.

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In silver, the total open interest FELL by ONLY 1874 contracts DOWN to 189,548 with respect to YESTERDAY’S TRADING.    In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e.  0.948 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 135 NOTICE(S) FOR 675,000 OZ OF SILVER

In gold, the total comex gold FELL BY A TINY 1790  contracts WITH ANOTHER FALL IN THE PRICE GOLD ($6.10 with YESTERDAY’S TRADING) The total gold OI stands at 432,298 contracts.

we had 2 notice(s) filed upon for 200 oz of gold.

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With respect to our two criminal funds, the GLD and the SLV:

GLD:

:

We had a big change in tonnes of gold at the GLD: a withdrawal of 4.886 tonnes

Inventory rests tonight: 825.25 tonnes

.

SLV

We had a big change in inventory at the SLV/a withdrawal of 1,.66 million oz from the SLV

THE SLV Inventory rests at: 330.136 million oz

end

.

First, here is an outline of what will be discussed tonight:

1. Today, we had the open interest in silver FELL by ONLY 1,874 contracts DOWN to 189,548 AS SILVER WAS DOWN A HEALTHY 27 CENTS with YESTERDAY’S trading. The gold open interest FELL BY 1,790 contracts DOWN to 425,837 WITH ANOTHER FALL IN THE PRICE OF GOLD OF $6.10  (YESTERDAY’S TRADING).  It sure looks like Ted Butler is correct in that hedge funds are now longer playing the game.  They refuse to liquidate their longs on continual raids orchestrated by the bankers. TODAY BOTH GOLD AND SILVER OPEN INTEREST REFUSED TO BUCKLE UNDER THE WEIGHT OF BANKER CARTEL SELLING.

(report Harvey

.

2.a) The Shanghai and London gold fix report

(Harvey)

 

2 b) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY:  Bloomberg

3. ASIAN AFFAIRS

 i)Late  THURSDAY night/FRIDAY morning: Shanghai closed DOWN 3.98 POINTS OR .12%/ /Hang Sang CLOSED UP 67.11 POINTS OR 0.29% . The Nikkei closed UP 286.03 POINTS OR 1.48% /Australia’s all ordinaires  CLOSED UP 0.35%/Chinese yuan (ONSHORE) closed DOWN at 6.9160/Oil ROSE to 49.49 dollars per barrel for WTI and 52.47 for Brent. Stocks in Europe ALL IN THE GREEN ..Offshore yuan trades  6.9074 yuan to the dollar vs 6.9160  for onshore yuan.THE SPREAD BETWEEN ONSHORE AND OFFSHORE  NARROWS CONSIDERABLY/ ONSHORE YUAN WEAKER AS IS THE OFFSHORE YUAN  COUPLED WITH THE SLIGHTLY WEAKER DOLLAR. CHINA SENDS A MESSAGE TO THE USA NOT TO RAISE RATES

3a)THAILAND/SOUTH KOREA/NORTH KOREA

South Korea’s President Park has been removed from office after their court upholds impeachment:

(courtesy zero hedge)

 

b) REPORT ON JAPAN

none today

c) REPORT ON CHINA

China finally admits that it has a debt problem.  Right now total Chinese debt to GDP is around 277% and by next year it should approach 300% and thus close to a Minisky moment.  China is raising rates trying to cool its inflation in housing and  other commodities.

( zero hedge)

4. EUROPEAN AFFAIRS

Bloomberg reports that there has been discussions within the ECB that they are considering raising rates prior to the end of QE due to the rising inflationary scenario

up goes gold, up goes the Euro and the bunds tumble again.

(courtesy zero hedge)

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

This is fascinating: the state department urges the coroner to keep Churkin’s cause of death secret.

( zero hedge)

6.GLOBAL ISSUES

You will see throughout my blog data which suggests yields on all sovereign debt have been rising.  Last year, the world was worried about deflation and what did the bozos do?  They increased their monetary QE.  The result: inflation is coming!!

a very important commentary from John Rubino of Safe Haven:

( John Rubino/Safe Haven)

7. OIL ISSUES

i)OPEC and the Saudis are now panicking as they warn the USA shale boys not to assume a production cut extension.  The shale boys do not care, as they will keep on producing oil and hedge production with options

( zero hedge)

ii)Rising oil rig counts are certainly causing oil production to rise and that has been going on for 8 straight weeks.  No doubt that the shale boy’s increase in production has killed the production cut rally orchestrated by the Saudis

( zero hedge)

8. EMERGING MARKETS

9.   PHYSICAL MARKETS

i) Strange!! Bitcoin rises above 1300.00 dollars USA per coin and much higher than gold

( zero hedge)

ii)Alasdair Macleod on his weekly message to us:

(courtesy Alasdair Macleod/Goldmoney.com)

10.USA STORIES

i)What a disaster: 31% of college students spend some of their loan money on Spring break in Cancun or other holiday destinations

( zero hedge)

ii)The official jobs report:  a gain of 235,000 jobs but the all important earnings disappoint.

( zero hedge)

iii)Initial trading after the jobs report:

( zero hedge)

iv)As indicated above, Trump’s victory has “caused” many to go back into the labour force as 176,000 people entered the force (new level 94,190,000).

(zero hedge)

v)Wolf Richter explains why they are not going to drain the swamp

( Wolf Richter/WolfStreet)

vi) As we have outlined to you on several occasions, the real crisis begins on March 15.2017 and the guy who is banging the table on this is David Stockman

( David Stockman/Fox News/Daily Reckoning)

vii) Down goes the dollar as Mnuchin states that he is against the devaluation of countries’ currencies to gain an advantage.  In the upcoming G20 meeting no doubt there is will be a discussion on protectionism something that the USA wants but all other nations are against.

( zero hedge)

viii)Late this afternoon:

if job growth has been so great, can someone explain why USA government revenues have suffered the biggest drop since 2009?

( zero hedge)

Let us head over to the comex:

The total gold comex open interest FELL BY 1,790 CONTRACTS DOWN to an OI level of 425,837 WITH THE  FALL IN THE  PRICE OF GOLD ( $6.10 with YESTERDAY’S trading).  We are probably only 32,000 contracts away from rock bottom  (393,000). We are now in the contract month of MARCH and it is one of the poorer delivery months  of the year. In this MARCH delivery month  we had a LOSS of 39 contract(s) DOWN to 31. We had 10 contact(s) served upon yesterday, so we LOST 29 CONTRACTS or  AN ADDITIONAL 2900  ounces will NOT  stand for delivery.  The next active contract month is April and here we saw it’s OI FALL by 12,597 contracts DOWN TO 216,702 contracts.

For comparison purposes, the April 2016 contract at this time had an OI of 276,650 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.

The non active May contract month gained 356 contract(s) and thus its OI is 776 contracts. The next big active month is June and here the OI ROSE by 8414 contracts up to 123,462.

We had 2 notice(s) filed upon today for 200 oz

 

 
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 And now for the wild silver comex results.  Total silver OI FELL BY ONLY 1874 contracts FROM  191,422 CONTRACTS DOWN TO 189,548 WITH YESTERDAY’S TRADING . It sure seems that the hedge funds are now longer playing the game as they refuse to liquidate their silver longs.We are moving FURTHER the all time record high for silver open interest set on Wednesday August 3/2016:  (224,540). The closing price of silver that day: $20.44
 

We are in the active delivery month is March and here the OI decreased by 717 contracts down to 1280 contracts. We had 708 notices served upon yesterday so we lost 9 contract(s) or an additional 45,000 oz  will not stand for delivery.

For historical reference: on the first day notice for the March/2016 silver contract:  19,020,000 oz stood for delivery . However the final amount standing at the end of March 2016:  6,755,000 oz as the banker boys were busy convincing holders of many silver contracts to cash settle just like they did today.

 

The April/2017 contract month GAINED 9 contracts to 987 contracts. The next active contract month is May and here the open interest LOST 2131 contracts DOWN to 148,404 contracts.

FOR COMPARISON

Initially for the April 2016 contract, 1,180,

000 oz stood for delivery.  At the end of April 2016: 6,775,000 oz as bankers needed much silver to fill major holes elsewhere.

 

We had 135 notice(s) filed for 675,0000 oz for the MARCH 2017 contract.

 
 
 
 

VOLUMES: for the gold comex

Today the estimated volume was 256,572  contracts which is good.

Yesterday’s confirmed volume was 264,904 contracts  which is good

volumes on gold are getting higher!

 
INITIAL standings for MARCH
 March 10/2017.
 
Gold Ounces
Withdrawals from Dealers Inventory in oz   nil
Withdrawals from Customer Inventory in oz  
 
 
 
 
 
 
399.015 OZ
 
 Delaware
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory in oz nil oz
Deposits to the Customer Inventory, in oz 
 
 
 
 
 
 
 nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
 
2 notice(s)
200 oz
 
 
No of oz to be served (notices)
29 contracts
2900 oz
 
Total monthly oz gold served (contracts) so far this month
 
59 notices
5900 oz
0.1835 tonnes
Total accumulative withdrawals  of gold from the Dealers inventory this month   NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month     51,678.5 oz
 This is very strange:  now for many days, nothing of substance enters the comex vaults.  They must have problems locating physical just like the LBMA>
 
 
 
Today we HAD 0 kilobar transaction(s)/
 
Today we had 0 deposit(s) into the dealer:
 
 
total dealer deposits:  nil oz
 
We had nil dealer withdrawals:
 
 
total dealer withdrawals:  nil oz
 
 
we had 0  customer deposit(s):
 
 
 
 
 
 
 
 
 
 
total customer deposits; nil  oz
 
We had 1 customer withdrawal(s)
 
 i) Out of Delaware: 399.015 oz
 
 
 
total customer withdrawal: 399.015 oz
 
 
 
 
We had 2  adjustment(s)
i) Out of Delaware:  1,382.916 oz leaves the customer and enters the dealer account of Delaware
ii) Out of HSBC: 54,401.33 oz leaves the dealer account and enters the customer account of HSBC
 
For MARCH:
 

Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 2 contract(s)  of which 0 notices were stopped (received) by jPMorgan dealer and 0 notice(s) was (were) stopped/ Received) by jPMorgan customer account.

 
 
 
 
 
 
 
 
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To calculate the initial total number of gold ounces standing for the MARCH. contract month, we take the total number of notices filed so far for the month (59) x 100 oz or 5900 oz, to which we add the difference between the open interest for the front month of MARCH (31 contracts) minus the number of notices served upon today (2) x 100 oz per contract equals 8800 oz, the number of ounces standing in this NON  active month of MARCH.
 
Thus the INITIAL standings for gold for the MARCH contract month:
No of notices served so far (59) x 100 oz  or ounces + {(31)OI for the front month  minus the number of  notices served upon today (2) x 100 oz which equals 8800 oz standing in this non active delivery month of MARCH  (.2737 tonnes)
 
 
 
 
 
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On first day notice for MARCH 2016, we had 2.146 tonnes of gold standing. At the conclusion of the month we had 2.311 tonnes standing.
 
 
 
 
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I have now gone over all of the final deliveries for this year and it is startling.
First of all:  in 2015 for the 13 months: 51 tonnes delivered upon for an average of 4.25 tonnes per month.
Here are the final deliveries for all of 2016 and the first month of January 2017
Jan 2016:  .5349 tonnes  (Jan is a non delivery month)
Feb 2016:  7.9876 tonnes (Feb is a delivery month/deliveries this month very low)
March 2016: 2.311 tonnes (March is a non delivery month)
April:  12.3917 tonnes (April is a delivery month/levels on the low side
And then something happens and from May forward deliveries boom!
May; 6.889 tonnes (May is a non delivery month)
June; 48.552 tonnes ( June is a very big delivery month and in the end deliveries were huge)
July: 21.452 tonnes (July is a non delivery month and generally a poor one/not this time!)
August: 44.358 tonnes (August is a good delivery month and it came to fruition)
Sept:  8.4167 tonnes (Sept is a non delivery month)
Oct; 30.407 tonnes complete.
Nov.    8.3950 tonnes.
DEC.   29.931 tonnes
JAN/     3.9004 tonnes
FEB/ 18.734 tonnes
March: 0.2737 tonnes
 
total for the 15 months;  244.532 tonnes
average 16.302 tonnes per month vs last yr  61.82 tonnes total for 15 months or 4.12 tonnes average per month (last yr).
 
 
 
 
 
 
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Total dealer inventory 1,366,821.635 or 42.513 tonnes DEALER RAPIDLY LOSING GOLD
Total gold inventory (dealer and customer) = 8,893,365.207 or 276.622 tonnes 
 
 
 
Over a year ago the comex had 303 tonnes of total gold. Today the total inventory rests at 276.622 tonnes for a  loss of 26  tonnes over that period.  Since August 8/2016 we have lost 77 tonnes leaving the comex. However I am including kilobar transactions and they are very suspect at best
 
I have a sneaky feeling that these withdrawals of gold in kilobars are being used in the hypothecating process  and are being used in the raiding of gold!
 
 
 
 

 
 
 
The gold comex is an absolute fraud.  The use of kilobars and exact weights makes the data totally absurd and fraudulent! To me, the only thing that makes sense is the fact that “kilobars: are entries of hypothecated gold sent to other jurisdictions so that they will not be short with their underwritten derivatives in that jurisdiction.  This would be similar to the rehypothecated gold used by Jon Corzine at MF Global.
 
IN THE LAST 6 MONTHS  77 NET TONNES HAS LEFT THE COMEX.
 
end
 
And now for silver
 
AND NOW THE MARCH DELIVERY MONTH
 
MARCH INITIAL standings
 March 10. 2017
Silver Ounces
Withdrawals from Dealers Inventory  nil
Withdrawals from Customer Inventory
 
 
 
 
 
1,196,915.210 oz
 
Scotia
HSBC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
 
 
 
 
nil oz
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory 
 
 
 
 
 
 
 
 nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
135 CONTRACT(S)
(675,000 OZ)
No of oz to be served (notices)
1145 contracts
(5,725,000  oz)
Total monthly oz silver served (contracts) 2748 contracts (13,740,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this month  NIL oz
Total accumulative withdrawal  of silver from the Customer inventory this month  3,284,723.5 oz
 
 
 
today, we had  0 deposit(s) into the dealer account:
 
 
 
total dealer deposit: nil oz
 
we had nil dealer withdrawals:
total dealer withdrawals: nil oz
 
we had 2 customer withdrawal(s):
 
 
 
i) Out of Scotia: 96,805.210 oz
ii) Out of HSBC: 1,196,915.210 oz
 
 
 
 
 
 
 
 
 
 
 
TOTAL CUSTOMER WITHDRAWALS: 1,196,915.210 oz
 
 
 we had 1 customer deposit(s):
i) into JPMorgan:  599,942.800 oz
 
 
 
 
***deposits into JPMorgan have now resumed.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
total customer deposits;  599,942.800  oz
 
 
 we had 1  adjustment(s)
i)Out of CNT:
596,571.150 oz was adjusted out of the customer and this landed into the dealer account of CNT
 
 
 
The total number of notices filed today for the MARCH. contract month is represented by 135 contract(s) for 675,000 oz. To calculate the number of silver ounces that will stand for delivery in MARCH., we take the total number of notices filed for the month so far at 2748 x 5,000 oz  = 13,740,000 oz to which we add the difference between the open interest for the front month of MAR (1280) and the number of notices served upon today (135) x 5000 oz equals the number of ounces standing 
 
Thus the initial standings for silver for the March contract month:  2748(notices served so far)x 5000 oz  + OI for front month of Mar.( 1280 ) -number of notices served upon today (135)x 5000 oz  equals  19,465,000 oz  of silver standing for the Mar contract month. This is  now average for an active delivery month in silver.  We lost 9 contracts or an additional 45,000 oz will not stand.  
 
 
 
 
 
 
 
END
 
 
 
 
Volumes: for silver comex
 
Today the estimated volume was 75,491 which is huge!!!
Yesterday’s  confirmed volume was 72,981 contracts  which is huge.
 
Let’s take today’s estimated volume of 75,491 contracts:  that represents:377.4 million oz of silver or approx. 53.922% of annual global supply (ex Russia ex China)
 
 
 
 
 
 
 
 
 
Total dealer silver:  37.579 million (close to record low inventory  
Total number of dealer and customer silver:   186.736 million oz
 
 
 
The total open interest on silver is now further from   its all time high with the record of 224,540 being set AUGUST 3.2016.
 
 
 
 
 

end

At 3:30 pm we receive the COT report which gives position levels of our major players

you will recall last week that the commercials went massively short on gold. You will recall that the drive by shooting of gold and especially silver began on the Wednesday

Let us see what today’s report reveals;

 

Gold COTReport – Futures
Large Speculators Commercial Total
Long Short Spreading Long Short Long Short
229,969 96,284 61,157 99,484 252,132 390,610 409,573
Change from Prior Reporting Period
-17,525 12,588 6,747 -696 -27,955 -11,474 -8,620
Traders
152 106 82 46 50 239 201
 
  Small Speculators      
  Long Short Open Interest    
  43,791 24,828 434,401    
  -206 -3,060 -11,680    
  non reportable positions Change from the previous reporting period  
COT Gold Report – Positions as of Tuesday, March 07, 2017

Our large speculators:

 

Boy were they blown out of the water:  they pitched 17,525 contracts from the long side

Our large specs that have been short in gold added 12,588 contracts to their short side.

 

Our commercials:

Those commercials that have been long in gold pitched 696 contracts from their long side

those commercials that have been short in gold covered a massive 27,955 contracts and their criminal ways continue unobstructed!!

 

Our small specs;

those small specs that have been long in gold pitched a tiny 206 contracts from their long side

those small specs that have been short in gold added another 3036 contracts to their short side.

 

Conclusions:

 

commercials go net long by 28,651 contacts and that would be bullish.

 

And now for silver:

Remember that we are waiting to see if the managed money (hedge funds) pitched their contracts or held their positions despite the huge whacking.

Let us see:

 
Silver COT Report: Futures
Large Speculators Commercial
Long Short Spreading Long Short
113,437 19,984 9,327 46,774 152,636
-1,792 178 806 -3,307 -5,455
Traders
97 36 36 30 38
Small Speculators Open Interest Total
Long Short 192,398 Long Short
22,860 10,451 169,538 181,947
-938 -760 -5,231 -4,293 -4,471
non reportable positions Positions as of: 142 99
  Tuesday, March 07, 2017   © SilverSeek.c

Our large speculators:

those large specs that have been long in silver pitched only a  1,792 contracts from their long side.

those large specs that have been short in silver covered a tiny 178 contracts from their short side.

Ted Butler is again correct;  the managed money refused to budge!

Our commercials:

those commercials that have been long in silver pitched 3307 contracts from their long side

those commercials that have been short in silver covered only 5455 contracts from their short side and not really as much as in gold.

Our small specs:

those small specs that have been long in silver pitched a huge 1071 contracts from their long side

those small specs that have been short in silver covered 934 contracts from their short side.

Conclusions:

the hedge funds are taking on the commercials by refusing to buckle under the weight of commercial bank short selling….

 

 

 

 

 

And now the Gold inventory at the GLD

March 10/ a withdrawal of 4.886 tonnes from the GLD/Inventory rests at 830.25

this tonnage no doubt is off to Shanghai

March 9/a withdrawal of 2.67 tonnes from the GLD/Inventory rests at 834.10

March 8/no change in gold inventory at the GLD/inventory rests at 836.77 tones

march 7/a huge withdrawal of 3.81 tonnes from the GLD inventory/inventory rests at 836.77 tonnes

March 6/No change in gold inventory at the GLD/Inventory rests at 840.58 tonnes

March 3/ a huge withdrawal of 2.96 tonnes of gold from the GLD/Inventory rests at 840.58 tonnes

March 2/a deposit of 2.37 tonnes of gold into the GLD/Inventory rests tat 843.54 tonnes

March 1/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes

FEB 28/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes

feb 27/no change in gold inventory at the GLD/Inventory rests at 841.17 tonnes

Feb 24/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes

FEB 23/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes

FEB 22/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes

FEB 21/no changes in gold inventory at the GLD/Inventory rests at 841.17 tonnes

feb 17/a withdrawal of 2.37 tonnes of gold from the GLD/Inventory rests at 841.17 tonnes

FEB 16/we had no changes in the GLD inventory today/Inventory rests at 843.54 tonnes

Feb 15./another deposit of 2.67 tonnes of gold into the GLD inventory despite another attempted whacking of gold/inventory rests at 843.54 tonnes

FEB 14/another deposit of 4.14 tonnes of gold into the GLD inventory/rests at  840.87 tonnes

FEB 13/another deposit of 4.15 tonnes of gold into the GLD/Inventory rests at 836.73 tonnes

Feb 10/no changes at the GLD/Inventory rests at 832.58 tonnes

feb 9/no changes at the GLD/Inventory rests at 832.58 tonnes

Feb 8/another “deposit” of 5.63 tonnes of gold into the GLD/The addition is a paper addition/total inventory: 832.58 tonnes

Feb 7/another huge fake deposit of 8.30 tonnes of gold into the GLD/the addition is a paper addition and no doubt not physical/ total inventory: 826.95 tonnes

FEB 6/a huge deposit of 7.43 tonnes of gold into the GLD/Inventory rests at 818.65 tonnes

FEB 3/no change in gold inventory at the GLD/Inventory rests at 811.22 tonnes

Feb 2/another huge deposit of 1.48 tonnes/inventory rests at 811.22 tonnes

Feb 1/a huge “deposit” of 10.67 tonnes of gold into the GLD/Inventory rests at 809.74 tonnes.  this should stop GLD from sending gold to Shanghai.

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March 10 /2017/ Inventory rests tonight at 825.25 tonnes
 
*IN LAST 107 TRADING DAYS: 120.60 NET TONNES HAVE BEEN REMOVED FROM THE GLD
*LAST 52 TRADING DAYS: A NET  4.61 TONNES HAVE NOW BEEN ADDED INTO GLD INVENTORY.
*FROM FEB 1/2017: a net    30.04 TONNES HAVE BEEN ADDED.
 

end

 
 
Now the SLV Inventory
March 10/no change in silver inventory at the SLV/Inventory rests at 330.136 million oz/
March 9/another big withdrawal of 1.137 million oz from the SLV/Inventory rests at 330.136 million oz/
March 8/a big change; a withdrawal  of 1.515 million oz from the SLV/Inventory rests at 331.273 million oz/
march 7/no change in inventory at the SLV/Inventory rest at 332.788 million oz/
March 6/no change in inventory at the SLV/Inventory rests at 332.788 million oz/
March 3: two transactions:
i)March 3/ a small change, a withdrawal of 125,000 oz and this would be to pay for fees like insurance, storage etc/inventory now stands at 335.156 million oz.
ii) a huge withdrawal of 2.368 million oz/inventory rests this weekend at 332.788 million oz
March 2/no changes in silver inventory (despite the raid) at the SLV/Inventory rests at 335.281 million oz
March 1/no changes in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 28/no changes in inventor at the SLV/inventory rests at 335.281 million oz/
FEB 27/no change in inventory at the SLV/Inventory rests at 335.281 million oz/
FEB 24/no changes in inventory at the SLV/Inventory rests at 335.281 million oz.
FEB 23/no changes in inventory at the SLV/Inventory rests at 335.281 million oz
FEB 22/no changes in inventory at SLV/inventory rests at 335.281 million oz
FEB 21/a deposit of 568,000 oz into the SLV/Inventory rests at 335.281 million oz
feb 17/2017/again no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz/
FEB 16/we had no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz/
Feb 15./no changes in silver inventory at the SLV/inventory rests at 334.713 million oz
FEB 14/no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz
FEB 13/no changes in silver inventory at the SLV/Inventory rests at 334.713 million oz
Feb 10/no change in silver inventory at the SLV/Inventory rests at 334.713 million oz
Feb 9/no changes in silver Inventory rests at 334.713 million oz
feb 8/No changes in inventory at the SLV/Inventory rests at 334.713 million oz
Feb 7/no change in inventory at the SLV/Inventory rests at 334.713 million oz
Feb 6/a we had no changes at the SLV/Inventory rests at 334.713 million oz
FEB3/ a tiny withdrawal of 136,000 oz to pay for fees etc/inventory rests at 334.713 million oz
Feb 2/no changes in silver inventory at the SLV/Inventory rests at 334.849 million oz
Feb 1/a withdrawal of 948,000 oz from the SLV/Inventory rests at 334.849 million oz
 
 
.
March 10.2017: Inventory 330.136  million oz
 
 end

NPV for Sprott and Central Fund of Canada

will update later tonight the central fund of Canada figures

 
1. Central Fund of Canada: traded at Negative 4.5 percent to NAV usa funds and Negative 4.6% to NAV for Cdn funds!!!! 
Percentage of fund in gold 61.0%
Percentage of fund in silver:38.8%
cash .+0.2%( Mar 10/2017) 
 
 
2. Sprott silver fund (PSLV): Premium RISES  to -.13%!!!! NAV (Mar 10/2017) 
3. Sprott gold fund (PHYS): premium to NAV RISES to  – 0.35% to NAV  ( Mar 10/2017)
Note: Sprott silver trust back  into NEGATIVE territory at -0.13% /Sprott physical gold trust is back into NEGATIVE territory at -0.35%/Central fund of Canada’s is still in jail  but being rescued by Sprott.
 

Sprott’s hostile 3.1 billion bid to take over Central Fund of Canada